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Author Topic: The latest word in 10,000 Bitcoin bets.  (Read 377 times)
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February 04, 2013, 12:01:17 PM

So let's make the best sort of bet there is : a bet for token consideration. At that time when Bitcoin is worthless, I will pay you 10`000 Bitcoins - thats 0.1% of the Bitcoins that currently exist. At that time when the USD is worthless, you will pay me 20 billion dollars - that's 0.1% of the dollars that currently exist (roughly speaking). This bet has no specified date of closure, it's either party's own and free decision when this "worthlessness" event has occured. Remarkably, neither party has any interest to lie : once their side is truely worthless the closing of the bet is, from a game theory perspective, a rational, +EV move.

Any takers ?

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